Offshore wind turbine installation is done offshore to harvest wind energy and thereby generate electricity. This is done usually on continental shelves. A wind turbine installation vessel is a vessel specially designed for the installation of offshore wind turbines. Other than transportation, installation, and accommodation of offshore wind turbines, these vessels are also suitable for installation in other offshore facilities such as tidal current turbines, wave energy generators, met masts, and oil & gas infrastructure.
An increase in preference for alternative and renewable sources of energy due to the rise in concerns of pollution and global warming has fueled the growth of the global offshore wind turbine installation vessel market. Wind energy is more offshore rather than on land, hence offshore vehicles possess high growth potential. However, the construction of offshore wind farms is significantly affected by hostile weather conditions, and downtime due to extreme weather conditions is high, which retrains the market growth. Initiatives taken by the governments to develop greener sources of energy are expected to provide lucrative opportunities for the market.
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The market for the offshore wind turbine vessel is segmented into type and geography. On the basis of type, the market is categorized into self-propelled jack-up vessels, normal jack-up vessels, and heavy lift vessels. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players mentioned in the report are A2SEA and Fred. Olsen Windcarrier, Gaoh Offshore, Geosea, Jack-Up Barge, MPI-Offshore, SEAFOX, Seajacks, Swire Blue Ocean, and Van Oord.
Key Benefits
- This report provides an extensive analysis of the current and emerging market trends, dynamics, and estimations for the key market segments in the global offshore wind turbine installation vessel market from 2017 to 2023.
- Exhaustive analysis of the market by type helps understand the current trends in use and the variants that are expected to gain prominence in the future.
- This report presents competitive intelligence of the market to understand the competitive scenario across the countries globally.
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Offshore Wind Turbine Installation Vessel Market Key Segmentation:
BY TYPE
- Self-propelled Jack-up Vessel
- Normal Jack-up Vessel
- Heavy Lift Vessel
BY GEOGRAPHY
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- A2SEA
- Fred. Olsen Windcarrier
- Gaoh Offshore
- Geosea
- Jack-Up Barge
- MPI-Offshore
- SEAFOX
- Seajacks
- Swire Blue Ocean
- Van Oord
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